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The Latest Breaking News from Debt Justice

How private investors are making billions from countries in debt

IN DEPTH: Exclusive: As an escalating climate crisis and a difficult economic outlook put ever greater pressure on developing countries, new analysis shows how wealthy private investors in the Global North are profiting

The Independent UK

Urgent calls for debt relief as study shows health and education cuts in developing world

Influential economists want replenishment of funds and new ways to define countries in need before this week’s IMF and World Bank meetings

The Guardian - UK

Labour urged to lead global debt relief effort as cost of repayments soars

Campaigners call for action in 2025, as crippling repayments prevent spending to cut poverty and tackle climate crisis

The Guardian - UK

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UK urged to protect Ukraine from legal action over private debt default

Kyiv shouldn’t have to fight ‘shameless bondholders’ as repayment deadline nears, say campaigners

The Guardian - UK

Debt payments by countries most vulnerable to climate crisis soar

Exclusive: level at highest in more than 30 years, say campaigners, who want ‘rapid and effective’ relief scheme

The Guardian - UK

Record 6.7m people in Britain are in financial difficulty, warns debt charity

Surge in requests for help reported as nearly 30% of 18- to 24-year-olds miss three or more credit or bill payments

The Guardian - UK

First Thing: Tropical Storm Hilary reaches southern California

The first tropical storm to hit southern California in 84 years prompted flash-flood and tornado warnings for the region

The Guardian - UK

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Rich countries ‘trap’ poor nations into relying on fossil fuels

Campaigners criticise ‘new form of colonialism’, where countries in the global south are forced to invest in fossil fuel projects to repay debts

The Guardian - UK

Almost 13 million adults now struggling to pay bills, debt charity warns

Cost of living crisis and rising interest rates forcing more people to become ‘trapped in poverty’

The Guardian - UK

Warning that energy crisis is far from over as 'prepay debt reaches £1bn'

Hard-up families are in a spiral of debt as they borrow to make up the shortfall caused by the end of the £400 Government bills support

Chronicle Live

Finance companies ‘may make $30bn’ by delaying debt relief for five countries

Exclusive: Debt Justice says hardline stance is preventing progress on alleviating poverty

The Guardian - UK

£1bn of debts on pre-paid meters leaves families at risk of 'deadly' cold and damp

Repayments are deducted from credit and can deny households energy they need for heating, cooking or medical equipment

Daily Mirror

World’s poorest nations spend 16% of revenue on debt, the highest in 25 years

Sri Lanka tops league of countries unable to respond to crises at home due to crippling payments, as campaigners call for action to cancel debt

The Guardian - UK

Hedge funds holding up vital debt relief for crisis-hit Sri Lanka, warn economists

Statement from 182 experts say only debt cancellation offers chance of recovery but investors are playing hardball

The Guardian - UK

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The Guardian - UK

High interest rates paid by poorer nations spark fears of global debt crisis

Campaigners say low-income countries urgently need debt relief on foreign borrowings as their interest rates soar

The Guardian - UK

Lenders urged to cancel Zambia debt as country faces economic collapse

Economists accuse bondholders of standing to make huge profits at the expense of the crisis-hit country

The Independent UK

Britons’ energy bill debts soar to £2.1bn ahead of price hike

Liz Truss must ‘write off’ arrears to help struggling families survive winter, campaigners demand

Daily Mirror

Struggling families owed £2.1billion on fuel bills before April price hikes

Britain is now in the midst of a national mourning period with several parts of the country grinding to a halt as the country is thrust into a period of deep grief following the death of Queen Elizabeth II - but many have raised questions about what this means for…

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The Guardian - UK

West must force private lenders to ease Africa’s crippling debt, say campaigners

Banks and traders have been ‘let off the hook’ by G7 despite being more to blame for the looming crisis than China

The Guardian - UK

Poor countries forced to cut public spending to pay debts, campaigners say

Exclusive: Debt Justice calls on UK to use power to make private lenders take part in effective relief scheme

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